Pusa Basmati 1509 rates open higher than 2020

Arrivals of the long-grained rice variety have been reported from Punjab, Haryana, UP, MP

Rates of early-maturing basmati variety — Pusa Basmati 1509 — have opened stronger in several mandis (grain markets) of India than 2020. Arrivals of Pusa Basmati 1509 have been reported from several mandis of Punjab, Haryana, Uttar Pradesh and Madhya Pradesh.

Data from the https://agmarknet.gov.in portal revealed that Pusa Basmati 1509 was sold in the range of Rs 1,790-2,891 per quintal from September 1 to 13 in Punjab, Haryana, MP and UP.

Pusa Basmati 1509 fetched the highest rate of Rs 2,891 per quintal on September 11 in the Pipli mandi of Kurukshetra district of Haryana on September 11. The lowest rate for the variety was recorded at Rs 1,790 per quintal in Dabra mandi of Gwalior district of MP on September 2.

Data collected from the Punjab State Agricultural Marketing Board (Punjab Mandi Board) revealed that on September 13, Pusa Basmati 1509 was sold in the range Rs 2,500-2,790 per quintal, Rs 2,400-2,780, Rs 2,500-2,750 and Rs 2,500-2,645 in Amritsar, Patiala, Sangrur and Tarn Taran districts respectively.

Traders stated that in Karnal district of Haryana, the rates of Pusa Basmati were in the range of Rs 2,400-2,890 per quintal on September 13. In the Aligarh mandi of UP, it was sold in the range of Rs 2,200-2,350 per quintal on September 13.

Rates of Pusa Basmati 1509 have been higher by about Rs 500-700 per quintal than 2020. Last year, it fetched about Rs 1,600-2,200 per quintal in several mandis of Punjab and Haryana, causing disappointment among farmers.

This year, Pusa Basmati 1509 is being purchased between Rs 2,400 and 2,800 per quintal in Punjab and Haryana. Traders said farmers had planted less basmati this season as compared to last year.

A look at the data from the Agricultural and Processed Food Products Export Development Authority (​APEDA) revealed that India exported 46.31 lakh metric tonnes (LMT) of basmati rice in 2020-21, valued at Rs 29,849.39 crore.

Indian exports of the aromatic variety of rice in 2019-20 were 44.54 LMT, which were valued at Rs 31,025.91 crore. The export quantity surged in 2020-21 by 3.82% from the 2019-20 fiscal year while the value of basmati rice sent abroad went down by nearly 3.94% in terms of rupees.

The Indian exports of the long-grained aromatic rice fell in value in the 2020-21 fiscal year (April-March) by Rs 1,176 crore even as the quantity went up by about 1.77 LMT from 2019-20.

To read in Punjabi and Hindi, click below.

ਪੂਸਾ ਬਾਸਮਤੀ 1509

पूसा बासमती 1509

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